Two Thai companies, Ratchaburi Electricity Generating Holding PCL has joined forces with Banpu Plc, to submit a proposal to build a 2,000 MW coal-fired power plant in Indonesia for a total investment of US$3.7 billion (Bt135 billion), a Thai media reports.

The Thai companies are competing with other investors or bidders, four from China and two from Malaysia, to build the so-called Java 7 power project in West Java, The Nation reported.

Banpu is expected to involve its Indonesian subsidiary PT Indo Tambangraya Megah Tbk (ITMG) in developing power plants in Indonesia, including the PLTU Java 7.

Director of PT Indo Tambang Leksono Poeranto said Banpu has passed the pre-qualification phse and now entering the tender process, which will be done in October this year.